Royal Bank Of Canada Cuts CF Industries (NYSE:CF) Price Target to $115.00

CF Industries (NYSE:CF) had its target price reduced by Royal Bank Of Canada from $125.00 to $115.00 in a report published on Friday morning,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets cut their price target on shares of CF Industries from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. UBS Group decreased their price objective on shares of CF Industries from $140.00 to $130.00 in a report on Friday, May 8th. Scotiabank upgraded shares of CF Industries from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $120.00 to $125.00 in a research report on Tuesday, June 30th. Berenberg Bank increased their target price on shares of CF Industries from $86.00 to $106.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of CF Industries in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $116.62.

CF Industries Price Performance

CF Industries stock opened at $121.17 on Friday. CF Industries has a one year low of $75.42 and a one year high of $141.96. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.15 and a current ratio of 3.54. The business has a fifty day moving average of $114.30 and a two-hundred day moving average of $109.51. The company has a market cap of $18.62 billion, a P/E ratio of 10.89 and a beta of 0.40.

CF Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from CF Industries’s previous quarterly dividend of $0.50. CF Industries’s dividend payout ratio is presently 17.97%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CF. KBC Group NV boosted its holdings in shares of CF Industries by 26.9% in the 4th quarter. KBC Group NV now owns 1,170,171 shares of the basic materials company’s stock valued at $90,501,000 after purchasing an additional 248,020 shares during the last quarter. BDF Gestion purchased a new stake in shares of CF Industries during the 4th quarter valued at $1,779,000. AIA Group Ltd acquired a new stake in shares of CF Industries during the 3rd quarter worth $376,000. Polianta Ltd acquired a new stake in shares of CF Industries during the 4th quarter worth $1,484,000. Finally, Cambiar Investors LLC purchased a new position in shares of CF Industries in the 4th quarter worth $4,166,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.

CF Industries Company Profile

CF Industries Holdings, Inc is a leading global manufacturer of hydrogen and nitrogen products for agricultural and industrial customers. The company specializes in the production of ammonia, granular urea, urea ammonium nitrate (UAN), nitric acid and ammonium nitrate, which serve as key inputs for fertilizer blends, industrial chemicals and other downstream applications.

Headquartered in Deerfield, Illinois, CF Industries operates production facilities and distribution terminals across North America and the United Kingdom.